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8.3% dividend rate is higher than most.
Logical, good post.
For those of you who haven't had a chance to look at this video, its main point is to show that those who purchased during the run from 35 up to 75 and down to 35 again are ALL STILL HOLDING. No one is selling, and nothing the MMs do will change that. We all know the squeeze is coming and it looks like it's coming very soon. Go CDIV!
This is the proper reply.
Very nicely done and explained. Keep 'em coming. Kudos to FFSF and PC.
I'm sure you've all seen this:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=47180502
It looks like EIGH is in that Oct. 15 part of the referenced chart. This gets to be a very interesting time. Will we see a similar case where there are a couple of MM shakeouts? That's where courage comes in. The key is to sell a little at a time, so you can ride it as high as you can and average out at a good number. The question is, how high this go? My prediction is as good as anyone's at this point, but I see this going between $5-$10, closer to $10. A lot of this depends on the team holding as long as we can.
Best to use the IGNORE button.
Conservatively.
Anywhere in CA and I'm there.
And if you hold through the squeeze, you'll have several $$$million....
smakd 20k...24..it wont matter when its 50 cents in 2 weeks.
I think you meant 1 week...
Same here.
I haven't posted for a while, but have really been enjoying watching this all unfold exactly like Monk and the team have assured us it would. It's absolutely a terrific model and I am in for the long haul. I've been buying all along and now watching this portfolio grow is very cool. And it's just beginning. We WILL see multiple $$$.
Time to use the IGNORE button.
Thanks.
I'm a raw novice, but in picking up another 10K today (wanted to own an even X,000), I put it in at .151 when ask was .15. Got partial fill at .15, then saw bid rise to .155. When it dropped back to .15, I got filled for the rest. So what, if anything, does this show the MMs doing?
I copied Isabear's reply from Monk's Den. The reply IS from Isabear.
From Isabear:
"Posted by: xbigshot1 Date: Tuesday, August 24, 2010 2:33:26 PM
In reply to: xbigshot1 who wrote msg# 152285 Post # of 152540
here is the kicker that will SHOCK some of you.......and i have asked for a link, btw.........my friend tells me that mm's can short...legally......up to 5 times the amount of shares held in dtc.........i made him repeat it to me 3 times.......
yes you read right.......5X........i've asked for a link!"
I've done a lot of DD about Naked Short Selling.
ABUSIVE naked short selling is illegal & I can guarantee you the LINK xbigshot1 has ASKED for will not come from the SEC WEBSITE. As far as 5x the float, 5x of how many shares & @ what price. It's the NUMBER of shares, not the X of shares. They also have to consider the Cost Risk.
I'd like anyone to show me one stock where the MMs & Hedge Funds shorted 325 million, 65mil CDIV Float x 5, shares of a stock. Maybe xbigshots friend could find one, but I couldn't.
There was an instance where Someone bought all of a companys Stock, 1 mil shares, & it traded 20 mil shares the next week. Thats 20x the total shares, but only 20mil. shares.
The MMs & Hedge Funds targeted Overstock.com & that didn't work out too well for them. WHY? Because David Byrne, his family, & employees had 97% of overstock.com shares locked down. Thats why the stock couldn't be driven into the ground. Overstock was selling between $20 & $40 when during the attack.
CDIV is a penny stock, the shares are much cheaper then Overstock.coms, & are easily bought up by this TEAM. CDIV is a company with very little operating costs & will never have declare Bankruptcy. The MMs will never be able to keep a tax free profit because CDIV went broke.
We have the CDIV Float locked down. The MMs & Hedge Funds would never sell 325 million Naked Short Shares of CDIV Stock. They know that would drive the price sub penny & that we would be able to buy 100's of millions of shares. They MUST KNOW we are NOT going to SELL by now. They know we will keep BUYING CDIV SHARES no matter how low they take it.
CDIV stock will remain LOCKED DOWN no matter how many AIR SHARES are sold @ or below these prices. There is a reason the PPS only went to .095 during this EXTREME BEAR SHAKE. I think theymay have finally "GOT IT". I think they are SCARED to take it any lower.
The most shares I could find shorted in a situation like this was 5x a 20mil Float 100mil shares. I'd be very surprised if they would short that many shares in this case.
As far as the MMs shorting a certian # of airshares between them. These MMs are seperate Businesses & are each responsible for the # of AIR SHARES they short. Think about it, how could there possibly be a total # of Air Shares all MMs could short combined? If WXYZ is being Naked Shorted & there is a chance they might fold would one MM have to stop shorting & miss out on the Tax free theft? They are all too Greedy & Cutthroat for there to be a total combined # of Air Shares they could issue.
Beware of Wolves in Sheeps clothing.
Thanks, Nicole, I had not seen all of these, and putting them together is like taking a short course in FLD strategy. I'm looking forward to attending one of the seminars so I can meet some of the team. Probably not until late this year or early next. Spending too much time on the road as it is.
Doug
Great post. As I've said before, repetition is good. All along, the team has been told, buy,have patience, and the squeeze will come. The MMs are pulling out all the stops. Shorting continues, so we are accumulating. What's now happening is not unexpected, it is predictable. The reward is soon coming, so continue to accumulate these cheap shares and hold, hold, hold.
I was trying to come up with a good metaphor for what's going to happen. I like yours.
How about a real count for today. I bought 50K. Who else bought?
We are seeing the panic by those holding the air shares - and we know who they are. Watch the dominoe effect as G*** goes. EIGH will rocket. Get ready to hold on.
Hey, I'm right here. But I am cool. Soon to be enjoying watching all the squeezes happen.
Just went through. We like cheap shares, since very shortly the MMs will be paying BIG bucks for them.
The psychology behind this; we've seen a number of posts over the past couple of weeks saying it's going to fall to .15 or .13 or .03 or whatever. Now comes the manipulation on very low shares to move the PPS to those levels and everyone is supposed to say, Oh, no, the bashers were right. Just realize it's part of their game. Volume is very low, we are not selling (in fact, most are buying) and their game won't work. Buy, hold and wait for the squeeze. You will be very happy. It's getting VERY close now.
Depends on your perspective. Since June I've picked up 250,000 more shares. The squeeze will be fun.
... or $10+ per share. I've got a boatload of EIGH.
Well, the good thing is this walkdown has allowed me to add. Just picked up another 10K at .18. (Got 5K at .18; waiting on the other 5K).
Wick's message is very clear. No one is selling. The MMs have desperately tried everything, and they realize they are digging themselves deeper. This is why we're seeing the negative posts, taken from the MM playbook of trying to create fear, doubt and panic. They've never seen anything like this team - disciplined, informed, patient and immune to the trash talk. We're buying, holding and can see the squeeze coming very soon.
Agreed. I use Vanguard and picked up 50K on Thursday and was filled immediately (at ask). At these prices, I'm closing in on 1MM shares.
Fukkos. I like that. I just picked up 50K at 0.067. Fukkos filled it immediately.
OK, my 50K filled at 0.0674.
20K more at .067. Waiting on final 20K.
So far 10K at .065
50K at ask. Let's see.
August will be the month. Multiple dollars.
Repetition is good, so I'm going to repeat from what others have posted:
- Float of 68 million shares is locked up, plus about additional 40 million of shares owned by the team, presumably shorts (naked) or air shares from MMs.
- MMs are able to manipulate buys to look like sells. Today is a good example. So far, 265,000 shares have traded, or about .26% of the shares outstanding. How many stocks move down by the amount the MMs have manipulated when we know at least 50%+ of the trades are shorts? In other words, virtually all shares traded are BUYS, yet the stock is going down? Even if a few shortsighted (pun intended) people sell, they wouldn't have this kind of effect on the PPS unless the MMs manipulated it.
- So no one on the team is selling, in fact, we are buying. Which means the pressure on the MMs is getting greater and they have run out of options except to do the same thing over and over (e.g. the definition of insanity).
- Monk has created something no one else has seen before, in large part due to the loyalty he engenders and the trust he has proven (over and over). Something the poor bashers will never know.
Almost there. Need 2500 more! Love buying these air shares at this price. They can have them back at 15.
Put in for 20K at .1875. Got partial at .185. Gimme the rest!